"Microsoft announced today it will cut approximately 9,000 jobs, representing just under 4% of its global workforce, in its largest round of layoffs since 2023."
"Despite posting an 18% year-over-year increase in net income last quarter-reaching $25.8 billion-Microsoft is moving ahead with significant headcount reductions."
"The layoffs are part of a broader restructuring effort that has now seen over 15,000 jobs eliminated this year, including 6,000 positions in May."
"Microsoft's move reflects a wider trend among major technology companies, many of which are undergoing similar workforce reductions as they double down on artificial intelligence."
Microsoft will reduce its workforce by approximately 9,000 jobs, nearly 4% of its global staff, marking the largest layoff round since 2023. This decision follows an 18% increase in net income reported last quarter, amounting to $25.8 billion. The company aims to streamline its operations by reducing organizational layers and management levels. This layoff is part of a broader restructuring, with over 15,000 jobs eliminated this year. The cuts are also influenced by a shift towards artificial intelligence, as Microsoft invests heavily in AI infrastructure.
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